TACOMA, Wash. — The Tacoma location of American Freight will close along with the other 327 stores in the United States.
The parent company of the nationwide appliance and furniture store, Franchise Group, began Chapter 11 bankruptcy proceedings in federal court in Delaware.
Franchise Group cited "sustained inflation and macroeconomic challenges facing the large durable goods sector" as reasons to shut down all American Freight locations.
Each American Freight location began a nationwide going-out-of-business sale last week, according to a Nov. 6 news release.
Hilco Consumer-Retail, the company handling sales while the business winds down, said shoppers can save up to 30% off the lowest ticket prices storewide on items including living room sets, bedroom furniture, dining tables and a selection of scratch and dent, and new-in-box appliances, such as refrigerators, washers and dryers.
"Our goal is to deliver outstanding value to customers during this full chain closing sale," said Ian Fredericks, CEO of Hilco Consumer-Retail, in a press release. "Everything is on sale and must be sold, and we recommend shopping early for the best selection."
All sales will be final and discounts are valid in stores and online at www.americanfreight.com. Select American Freight locations will continue to offer delivery services to customers.
